I don't even know how the flippers buying them are making money.  

Having this in place already saved my investor money but more importantly time and made it possible to start construction right away.

A trust may offer some of the same benefits as an LLC, depending on your goals, and allowing you to claim the part of the house you live in as homesteaded tax.Make sure you have the right home insurance and consider an umbrella policy for extra protection.Certainly buying a house, using conventional financing with limited money down as a primary residence and renting out parts of the house to help pay the mortgage, is a smart financial move.

My seller has now put money down to buy a triplex that FIG is building in American Fork, the cap rate is 7%.  

The answer is usually due to no savings, poor credit score, lower income, etc.

Your equity is not a savings account from which you can withdraw whatever you want.

Investors, (two of us) ultimately funded about 32% of the project with cash and additional money was raised from members of the local REIA, simply by word of mouth.

I appreciate any input in advance.Not only are helocs harder to find for investment properties, what you intend to do with the money matters.

Meeting them puts a face to the name and forms a human connection... you're not just after there money. 2) Provided them with a rental application.

.- Longer Terms: While you're hesitant about longer terms, refinancing some properties with 15-20 year loans at lower rates might reduce your monthly payments, allowing you to reinvest the savings.2.